As I mentioned on my other blog, the homebuyer tax credit expires today. Although the tax credit is over, i’m confident that homes will still sell. Click here to read my original post. If you have any questions, give me a call at 262-694-2141, 608-770-4568, or 262-320-SOLD (7653), or email me at: soconnor@shorewest.com.
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Pete O’Connor
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Should I or shouldn’t I move? Often this question comes up with those potential home buyers and home sellers that are sitting on the fence directly after the start of the New Year. “What’s the right choice?”, “Am I making a mistake?”, “Will I be able to afford this home?” In each and every instance these are normal questions to ask, and of course all the pros and cons need to be evaluated. Certainly in these unsteady financial times a mistake could prove to be costly.
However, if you happen to be one of those people that are sitting on the fence, there is no better time than now to purchase a home. Whether you’re a move up home buyer and qualify for the $6,500, or a first time home buyer and qualify for the $8,000 tax credit these most assuredly are enticing. As a seller, if you over price your home you’re more likely to lose money and the sting of selling your home may be a bit more abrasive that if you’d priced it accordingly. See, even though we homeowners always think our home is worth a little more than it really is (me included), there is the reality check of the Buyer and Appraiser both.
In this market, the wise thing to do is to price your home just below market value. Insert long pause here….. I can understand the skepticism that follows those words above, but consider this. When you and the rest of the world are shopping for a specific item and it’s got a great price on it what’s the natural reaction of the shopper? Demand, correct?
In this instance pricing (as well as all the other components of selling a home) is key. This strategy is more likely to net you multiple buyers, and multiple offers on your home! Positively the best of all scenarios as you’ll more than likely have multiple offers from which to choose and multiple buyers trying to get your home.
So, take this New Year and be the master of your destiny and don’t be afraid of selling your home, especially when the government will compensate you. Remember, that both of these tax credits have expiration dates on them so act now! If you’d like more information on how these programs work, of if you’d like to see what your home is worth, please feel free to contact me at your convenience. I can be reached at 262-694-2141, 608-770-4568, or 262-320-SOLD (7653). Or, email me at: soconnor@shorewest.com.
Posted by:Pete O’Connor
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